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Childcare 101: Affording a nanny
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Michelle Barbee
The best childcare is affordable, convenient, safe, nurturing, and educational and has a low child-adult ratio. Daycare centers, home daycares and nannies can all fit these criteria, but many parents don’t even consider a nanny as a child care option for their children. Parents often believe a nanny is too expensive and are surprised by how affordable a nanny can be.
In some situations, a nanny is the most affordable childcare option. For instance, if a family has three or more young children, a daycare center would be more expensive than a nanny. If a family only needs part-time childcare, a nanny can be less expensive than a daycare center with the added benefit of some light housekeeping. A nanny can also be the most flexible childcare option if you need transportation for your children or if you need extended care.
To lower costs further, parents should consider a live in nanny or an au pair. Her or his wages are lower in return for free rent and meals. Another option is allowing a nanny to bring her or his own child along in return for a reduced wage. If part-time care is needed, nanny-sharing with another nearby family can decrease costs as well.
Due to current economic circumstances, there are many experienced nannies looking for employment. With rates around Dallas starting at $10/hr or less, this may be the perfect time to hire a nanny.
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